Great West Life Assurance Co. Can Cuts Stake in Baker Hughes A GE Co (BHGE)

Share on StockTwits

Great West Life Assurance Co. Can lessened its holdings in Baker Hughes A GE Co (NYSE:BHGE) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 264,203 shares of the company’s stock after selling 27,990 shares during the period. Great West Life Assurance Co. Can’s holdings in Baker Hughes A GE were worth $8,946,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BHGE. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Baker Hughes A GE by 8.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,277,503 shares of the company’s stock worth $42,196,000 after acquiring an additional 104,218 shares during the period. First Trust Advisors LP bought a new position in shares of Baker Hughes A GE during the 2nd quarter worth $247,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of Baker Hughes A GE during the 2nd quarter worth $11,587,000. Jennison Associates LLC bought a new position in shares of Baker Hughes A GE during the 2nd quarter worth $335,000. Finally, Alps Advisors Inc. bought a new position in shares of Baker Hughes A GE during the 2nd quarter worth $727,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

In other Baker Hughes A GE news, Director Electric Co General sold 101,200,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $22.47, for a total value of $2,273,964,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

Shares of NYSE BHGE opened at $21.66 on Friday. Baker Hughes A GE Co has a 52 week low of $21.05 and a 52 week high of $37.76. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 4.18 and a beta of 0.82.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, October 30th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Baker Hughes A GE Co will post 0.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.72 annualized dividend and a yield of 3.32%. Baker Hughes A GE’s dividend payout ratio is currently 138.46%.

Several research analysts have recently weighed in on the company. Wolfe Research assumed coverage on Baker Hughes A GE in a research note on Wednesday, October 10th. They set an “outperform” rating for the company. Morgan Stanley assumed coverage on Baker Hughes A GE in a research note on Tuesday, September 18th. They set an “overweight” rating and a $40.00 price target for the company. Stifel Nicolaus assumed coverage on Baker Hughes A GE in a research note on Monday, September 10th. They set a “buy” rating and a $40.00 price target for the company. B. Riley reiterated a “buy” rating on shares of Baker Hughes A GE in a research note on Monday, September 10th. Finally, Barclays reiterated a “buy” rating and set a $35.00 price target on shares of Baker Hughes A GE in a research note on Thursday, October 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. Baker Hughes A GE presently has an average rating of “Buy” and an average target price of $36.36.

WARNING: This report was published by BBNS and is owned by of BBNS. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://baseballnewssource.com/2018/12/08/great-west-life-assurance-co-can-cuts-stake-in-baker-hughes-a-ge-co-bhge/3064286.html.

Baker Hughes A GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

Featured Story: Why is Cost of Capital Important?

Want to see what other hedge funds are holding BHGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes A GE Co (NYSE:BHGE).

Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

Receive News & Ratings for Baker Hughes A GE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes A GE and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.